Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in China.
Iowa-based Vermeer, a 4,000-employee maker of industrial and farm machinery, opened a plant there two decades ago—and Andringa, the company’s president and CEO, frequently visited what many considered the world’s premier fast-growing, future-oriented economy. But the mood of Vermeer and many other global producers has turned sour on China.
“If we didn’t already have a plant in China, we sure wouldn’t start one now,” he said.
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He has no plan to leave and is pleased with the operation, but said he would not expand there given the tensions in the U.S.-China relationship that seem more likely than not to escalate. He worries it could be increasingly difficult to find employees and receive fair treatment in a country that is mutually antagonistic with the U.S.
This is what I expect many international firms will do. Nothing until something happens that forces their hand…
Then they will all scream for their various governments to bail them out to move production somewhere else.
Privatise profits, socialise losses.
They’re trying to hunt for cheap disposable labor like us instead. Organize, unionize and fight back.
Ukraine babyyy. The second there’s a peace deal with real nato guarantees, that’s where shit is gonna get built and grown with the inevitable rebuilding funds from the west.
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